Northfield Bank, a New Jersey-based financial services company, has selected PHH Mortgage, a subsidiary of a private label outsourcing company PHH, as a strategic partner to outsource its mortgage loan origination and servicing business.

Kenneth Doherty, executive vice president and chief lending officer at Northfield Bank, said: “Partnering with PHH will allow us to offer our customers faster approvals, streamlined documentation requirements, and 24-7 access to their loan processing status. Additionally, customers will have the ability to initiate a loan application online.”

Bob Andwood, senior vice president of private label solutions at PHH Mortgage, said: “PHH Mortgage is pleased to provide Northfield Bank with a fully integrated, end-to-end, mortgage platform, which will help to deliver a best in class mortgage program consistent with its customer value proposition, and create long term competitive advantage.”